Silverstone declined to comment on reports of a potential management buyout at
the famous race track.

Sky News said that LDC, a private equity firm owned by the state-owned Lloyds Banking Group, was “in talks” to back a management buyout of Silverstone Circuits, the operator and promoter of all events that take place at the Northamptonshire circuit, including the British Grand Prix.

The story did not specify which of the management might be involved in the buyout.

The British Racing Drivers’ Club, Silverstone’s current owner, has long been looking to for partners and/or investors to help pay off debts incurred in the redevelopment of the circuit. Planning permission has already been granted to redevelop the land around the site.

“People familiar with the Silverstone transaction said on Tuesday that it would be structured as two separate agreements with the present owner, the BRDC,” Sky News said.

“LDC will invest millions of pounds in backing a management buyout of Silverstone Circuits, the entity which promotes and hosts the British Grand Prix, while MEPC, a property group owned by the BT pension fund, will acquire the development land around the site.”